LGO Energy's (LON:LGO) revenues fell to £1,921,000 in the six months to the end of June - 71% down on last time but pre-tax losses of £1,925,000 were down 24% on a year ago.
The company raised £5,576,284, gross, in the period through the issue of 2,595,122,080 shares at an average price of 0.215p. Of this total, 425,912,746 shares were issued to suppliers for settlement of creditor balances.
After the reporting date, on the 18 August, the company issued 727,877,588 shares at 0.146p to Well Services Petroleum Company Limited for settlement of creditor balances.
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BP (LON:BP.) has published its provisional forthcoming dividend dates for ordinary and preference shares on www.bp.com/financialcalendar for the remainder of 2016 and 2017. These dates are indicative and may be subject to change.
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Nostra Terra (LON:NTOG) said Independent Resources (Egypt) Ltd -- its JV with Independent Resources Plc -- has reached an agreement with TransGlobe Petroleum International Inc concerning the early repayment of the $2.5m loan note.
The loan note was issued to TransGlobe in October 2015 and repayable on 30 September 2017. Under the terms of the Agreement, IRE will pay $200,000 to TransGlobe in full and final settlement of the Loan Note.
IRE's 50% interest in the East Ghazalat concession (the "Concession") is not affected by this Agreement.
Nostra Terra will pay US$100,000 for its proportional share of the Agreement.
This extinguishes the liability of approximately US$1.3 million owed by Nostra Terra (including accrued interest), leaving no further debt on the asset.
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The sector's biggest risers were Independent Resources (LON:IRG) and Hydrodec (LON:HYR) - up by more than 32.1% and over 9.5% respectively in late trading. The biggest fallers were Xcite Energy (LON:XEL) and President Energy (LON:PPC) - down by 8% and more than 7.4% respectively.
(LON:AUR) Aurum Mining PLC share price was 0p at 1.85p
(LON:BOR) Borders Southern Petroleum PLC share price was +0.1p at 1.85p
(LON:BP.) BP PLC share price was +2.9p at 431.1p
(LON:CHAR) Chariot Oil Gas Ltd share price was +0.1p at 9.74p
(LON:ENQ) EnQuest Plc share price was +0.13p at 24.88p
(LON:GKP) Gulf Keystone Petroleum share price was +0.07p at 2.15p
(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 3p
(LON:HYR) Hydrodec Group PLC share price was +0.25p at 2.88p
(LON:INDI) Indus Gas Ltd share price was -7.5p at 497.5p
(LON:IRG) Independent Resources PLC share price was +0.02p at 0.09p
(LON:LGO) LGO Energy PLC share price was 0p at 0.1p
(LON:NTOG) Nostra Terra Oil Gas Company PLC share price was +0.1p at 1.2p
(LON:PET) Petrel Resources PLC share price was -0.13p at 6.63p
(LON:RKH) Rockhopper Exploration PLC share price was -0.5p at 27.25p
(LON:RPT) Regal Petroleum PLC share price was +0.01p at 3.54p
(LON:XEL) Xcite Energy Ltd share price was -0.1p at 1.15p